Nevada County Property Taxes
The median property tax rate in Nevada County is 0.86%, which is slightly higher than the Arkansas state median of 0.84% but lower than the national median of 0.99%. With the median home value in Nevada County at $30,700, the typical annual property tax bill is $203, significantly below the national median of $2,690. Property taxes in Nevada County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Nevada County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in Prescott or another part of Nevada County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nevada County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s Nevada County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Nevada County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Nevada County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Nevada County, Arkansas
Property taxes in Nevada County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Nevada County is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Nevada County set these rates annually, and they can vary significantly between different areas within the county. Each year, Nevada County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Prescott has one of the higher property tax rates in Arkansas at 0.99%, while the city of Stamps boasts one of the lowest at 0.62%. Analyzing how Nevada County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Nevada County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nevada County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bluff City | 0.25% | 0.35% | 0.63% | 0.99% | 1.06% |
| Buckner | 0.21% | 0.48% | 0.84% | 0.86% | 0.86% |
| Cale | 0.28% | 0.28% | 0.28% | 0.28% | 0.28% |
| Emmet | 0.13% | 0.37% | 0.86% | 0.86% | 0.89% |
| Mc Neil | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% |
| Prescott | 0.20% | 0.49% | 0.99% | 1.09% | 1.09% |
| Rosston | N/A | N/A | N/A | N/A | N/A |
| Stamps | 0.27% | 0.39% | 0.62% | 0.82% | 0.82% |
| Stephens | N/A | N/A | N/A | N/A | N/A |
| Waldo | 0.12% | 0.41% | 0.86% | 0.86% | 0.86% |
| Willisville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Nevada County, Arkansas
In Nevada County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Nevada County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Nevada County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the city of Stamps has the highest median tax bill at $380, while Waldo has the lowest at $117. Being aware of these valuation processes in Nevada County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Nevada County Assessed Value
$30,700
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nevada County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bluff City | $2,500 | $4,912 | $24,100 | $47,938 | $73,705 |
| Buckner | $3,650 | $10,475 | $30,350 | $51,950 | $89,475 |
| Cale | $62,200 | $62,200 | $62,200 | $62,200 | $62,200 |
| Emmet | $5,650 | $14,975 | $35,200 | $67,638 | $107,635 |
| Mc Neil | $20,250 | $20,250 | $20,250 | $20,250 | $20,250 |
| Prescott | $6,450 | $14,750 | $33,300 | $68,075 | $117,220 |
| Rosston | N/A | N/A | N/A | N/A | N/A |
| Stamps | $14,915 | $26,438 | $75,850 | $94,438 | $117,620 |
| Stephens | N/A | N/A | N/A | N/A | N/A |
| Waldo | $4,860 | $9,500 | $22,650 | $42,250 | $60,500 |
| Willisville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Nevada County, Arkansas
In Nevada County, Arkansas, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the property's market value, and this value is then multiplied by the local tax rate to determine the annual tax bill. Various factors, such as property size, location, and improvements, play a role in determining the assessed value. For homeowners in Nevada County, the median home price is approximately $30,700, leading to varied tax bills across the region. The tax bill for the 25th percentile is around $75, while homeowners at the 75th percentile face tax bills of about $442. Those in the 90th percentile can see tax bills as high as $771. Notably, the city with the highest median tax bill is Stamps at $380, whereas Waldo has the lowest at $117. Comparatively, Nevada County's property tax rates are lower than the national median property tax rate of 0.99%, making it relatively affordable for homeowners.
Average Nevada County Tax Bill
$203
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Nevada County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bluff City | $22 | $59 | $126 | $206 | $310 |
| Buckner | $30 | $81 | $181 | $365 | $589 |
| Cale | $173 | $173 | $173 | $173 | $173 |
| Emmet | $27 | $66 | $212 | $450 | $655 |
| Mc Neil | $175 | $175 | $175 | $175 | $175 |
| Prescott | $34 | $98 | $246 | $518 | $899 |
| Rosston | N/A | N/A | N/A | N/A | N/A |
| Stamps | $92 | $257 | $380 | $565 | $819 |
| Stephens | N/A | N/A | N/A | N/A | N/A |
| Waldo | $16 | $55 | $117 | $266 | $423 |
| Willisville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell